New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Office buildings
148 State St, Albany, NY 12207
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-6188125
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
48,690 SF
Lot
0.49 ac (21,518 SF)
Zoning code
CO
APN
010100 76.33-1-1
UPID
US63-6188125
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Smallbany Solar Solutions Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Egl Realty Ptshp · 19 yrs held
Egl Realty Ptshp
since 2007
7 recorded transactions
Zoning & alternative use
CO · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$24 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$2,143,600
Assessed 2023
Previous assessed
$2,143,600
+0.0% YoY
Assessed land
$247,500
Assessed improvement
$1,896,100
Land market value
$349,428
Improvement market value
$2,676,973
Total market value
$3,026,401
Applied tax rate
10,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Heating
NONE
Cooling
CENTRAL
Stories
5
Total area
48,690 SF
Lot
0.49 ac (21,518 SF)
Zoning code
CO
APN
010100 76.33-1-1
UPID
US63-6188125
Jurisdiction
ALBANY
Zoning & alternative use
CO · Albany, NY
Zoning CO · permitted uses
CO · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Cooling
Yes
Stories
5
Lot
0.49 ac
Current owner
From public records · entity-resolved
Egl Realty Ptshp
Entity
Free & Clear · 19 yrs held
Mailing address
99 WASHINGTON AVE STE #304, ALBANY, NY 12210-2804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2019
—
150 State Street LLC
—
Deed
related
$2,300,786 · Capital Communications FCU
Jul 31, 2018
—
150 State Street LLC
—
Deed
related
$507,174 · Capital Communications FCU
Jan 23, 2018
—
150 State Street LLC
—
Deed
related
$642,826 · Capital Communications FCU
Aug 2, 2017
—
150 State Street LLC
—
Deed
related
$4,640,000 · Capital Communications FCU
Dec 13, 2016
—
Egl Realty Ptshp LP
—
Deed
related
$4,816,079 · Other Institutional Lenders
Dec 4, 2012
—
Egl Realty Ptshp LP
—
Deed Of Trust
related
$6,677,634 · Union Security Insurance Co
Feb 23, 2007
$145,500
Egl Realty Ptshp
Harvey,jonathan
Warranty Deed
—
—
—
150 State Street LLC
—
Deed Of Trust
related
$2,300,786 · Capital Communications FCU
—
—
Egl Realty Ptshp LP
—
Loan Modification
related
$4,816,079 · Other Institutional Lenders
—
—
150 State Street LLC
—
Deed Of Trust
related
$642,826 · Capital Communications FCU
—
—
150 State Street LLC
—
Loan Modification
related
$4,640,000 · Capital Communications FCU
—
—
150 State Street LLC
—
Deed Of Trust
related
$507,174 · Capital Communications FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 148 State St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
